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Tawana Resources NL
Summary
| Project: | Bald Hill | |
|---|---|---|
| Deposit: | Bald Hill | |
| Location: | Australia | |
| Commodities: | Tantalum-Lithium | |
| Date: | 1/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 26-1-2017: Tawana Resources NL announces an Exploration/Drilling Update report for its Bald Hill deposit at the Bald Hill project. JV - Drilling results incl. 10m @ 3.82% Li2O, 243ppm Ta2O5 from 159m. Tawana Resources NL (“Tawana” or the “Company”) and Al | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mark Calderwood (Internal) | |
| ABSTRACT: | Tawana Resources NL (“Tawana” or the “Company”) and Alliance Mineral Assets Limited (SGX: AMAL) are pleased to announce high-grade lithium and tantalum results from resource drilling at multiple locations at the Bald Hill lithium and tantalum mine in Western Australia. These results, which will contribute to the upcoming maiden lithium Resource estimate to be completed by the first quarter of 2017, further demonstrate the strong position of the Company and AMAL to become a spodumene producer. Initial drill results from the large St John (refer figure 1) pegmatite swarm located 4km from Bald Hill have also confirmed the presence of high grade spodumene mineralisation. Bald Hill Project (AMAL 100%, TAW Earning 50%) The Bald Hill Project (“Project”) area is located 50km south east of Kambalda in the Eastern Goldfields of Western Australia. It is located approximately 75km south east of the Mt Marion Lithium project and is adjacent to the Tawana’s Cowan Lithium Project. The Project, owned by Alliance Mineral Assets Limited (“AMAL”), includes a permitted tantalum (pegmatite) mine, processing facility and associated infrastructure. Lithco No 2 Pty Ltd, a wholly-owned subsidiary of Tawana, had on 3 June 2016 entered into Binding Term Sheet in relation to¸inter alia, a Farm-In and Joint Venture arrangement with AMAL for the purpose of joint exploration and exploitation of lithium and other minerals. | |
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